Evo-capitals.vip (EvoCapitals) is a broker telling blatant lies to traders. The platform claims to have its license from the SEC. These claims are false as there’s no evidence to back them up. Even the SEC doesn’t have any platform listed as licensed with that name. Evo Capitals also uses the same homepage banner as other crypto scam websites. Please find out more in our candid EVOCAPITALS REVIEW.
Evo Capitals is the name of the broker who claims registration in the United States. The broker goes ahead and boasts of having registered with FINRA. All these claims with no certificates to prove them.
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These are some of the glaring red flags we found with the platform. We have a broker who intends to cause havoc to anyone who signs up. Dozens of traders have lost it with the broker. And now, they want compensation from the platform.
Sadly, that’s not possible as the platform’s owner has gone underground. Additionally, attempts to reach the broker hit a wall. The broker fails to respond to emails or pick up calls from the listed phone number. It's clear EvoCapitals is another exit scam.
The broker claims to provide clients with comprehensive end-to-end trading solutions. We have a broker boasting of having direct access to all US equity and options markets. A bold claim that makes the platform appear professional.
We can understand why most investors fell for the platform’s sleek website. After all, the platform lays out all information on the homepage. Navigating through the website is straightforward. And that gives away the hidden agenda of the platform.
Experts recommend doing due diligence before signing up with the platform. Make sure to go for platforms that offer security cover for your deposits. Research on the platform first before committing funds to the services provided.
No, your funds are far from safe with a platform failing to offer safety measures. In addition, the platform fails to deposit the acceptable amount with regulators to provide trading services. In the United States, liquidity providers must deposit a minimum of $20 million to start such a business.
There’s also the issue of segregation of funds. The platform doesn’t segregate accounts and tends to keep all funds in a single account. As a result, there’s no telling when the owner may decide to transfer funds from one account to the other.
And that puts all funds at risk with the platform. Once the owner decides to transfer funds, there are no recovering funds. And that may soon be the case as EvoCapitals is an exit scam. Furthermore, the owner won’t compensate members after shutting down.
We also noticed the platform fails to offer DDoS protection and SSL encryption. During the fund transfer, third parties may take over the process. And this puts your credit and debit cards at risk. The platform exposes your banking details to hackers.
Did we mention the platform’s actual base is Singapore? Again, you can check the disclaimer at the footer of their homepage. And that throws away any doubt about the platform’s location being the States.
We believe the platform uses a custom-made trading terminal. That’s a far cry from the world-class trading terminals the industry offers. These include MT4, MT5, and SIRIX. The platform ought to provide members with better trading terminals.
There’s a reason why experts back the three mentioned trading terminals. First, you can use some of the best tools, including advanced charts and technical analysis tools. The terminals are fast at executing trades and highly stable.
With the custom-built trading platform, it even lacks a viable demo account. All you get is a buy/sell option without integrating set features. And that’s another key feature you must look for in a brokerage.
EvoCapitals furnishes members with six account types to choose from. These include Student, Standard, Islamic, Investor, VIP, and Platinum accounts. Each of these accounts has something different to bring to the table.
Let’s take a closer look at each account;
Student
There’s a minimum acceptable deposit of €250 with the student account. Spreads start from 3.0 pips, with members getting one training session. The session is about how to use set indicators. You also get one consultation a week.
Standard
For the standard account, members must deposit €5,000 to get started. Spreads start from 2.0 pips with two available consultations per week. Members get three training sessions with a minimum lot size set at 0.01.
Islamic
You have to deposit €10,000 to get started. Spreads start from 3.0 pips as the student account. Being an Islamic account, no commissions, hidden interests, or penalties are incurred. There’s an account manager available with this tier.
Investor
Members must deposit €100,000 with spreads starting from 1.7 pips. The minimum trade size begins at 0.5, with members using the dealer mode trading feature. You also get additional two weeks of training and an investment protection fund.
VIP
There’s a minimum acceptable deposit of €500,000 with this account. The platform also targets institutional investors. Spreads start from 1.7 pips with a minimum trade size starting at 1.0. There are four weekly consultations, PAMM accounts, and a personal trading account manager.
Platinum
It’s the most exclusive account with a minimum deposit of €1 million. Spreads start from 1.0 pips with the minimum trade size set at 5. In addition, you get personalized daily market analysis and special leverage for trading crypto, 1:5.
Members only know the set leverage with the platinum account. Leverage for all other instruments remains unknown. So it’s only fair to state that regulators have put a cap on maximum leverage on all assets.
The maximum acceptable leverage is 1:100. Any platform offering less than that only takes advantage of members. We hope that you stay away from the platform or risk losing everything. The high leverage puts your trading position at risk.
No one knows the people behind this platform. You won’t find any information on this broker or the founding members. And that makes EvoCapitals an anonymous investment platform. Please stay away from anonymous platforms or risk losing everything.
Make sure to confirm whether registrar bodies properly vet a platform. For example, you would expect a US-based trading platform to have a business registry. However, there are no documents to prove such with this platform.
EvoCapitals is not a licensed or regulated platform. No regulator has come forward with proof of licensing this platform. Not the CFTC, NFA, or SEC has any licensed broker working for the platform.
And that puts your trading, especially your investment, at risk. There’s no regulator to protect you from unbiased features such as high leverage. Members can only fend for themselves and hope for the best.
There are two payment options, credit, and debit card. Once you deposit funds, the balance may reflect within 24 hours. However, withdrawing funds from the platform remains the biggest hurdle facing members.
Please stay away from evo-capitals.vip, it’s a sham.
PS: Go for the proven crypto investments experts back.
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